Inspiration and credits: Mark Minervini sir
Youtube Link :
1/n
What to Look for ?
2/n
Screener for stocks that are within 25% of their Highs
The screener filters out Stocks that have 1. Relative Strength Positive 2. Above 50 dema on 3. Above 30 wema ( in Stage 2) 4. Volume greater than 50k 5. Above 20 rs chartink.com/screener/stock… 3/n
Example of Stocks that have Corrected less than 25% in this Bear Market
Always Look for Stocks that in longer term uptrend and still near 52 week high .
These Stocks tend to outperform when market recovers
Stock vs Nifty50 #Bls#MFL#Timken 4/n
Ipo base stocks #Tarsons gave a cheat entry within its ipo base . Stock is up more than 20% in few days #Rolexrings : Stock had broken out of its ipo base and gave a decent rally as markets recovered 5/n
#Homefirst: Stock hasnt broken out but has good Volatility contration and near the retest of old breakout #Metrobrands consolidating from past 6 months
breakout can give good Rally #Kpigreen 6/n
What we want to see :
Signs of Accumulation
Followthrough in breakout
Good market Breadth 7/n
Look for Stocks that are breaking out when market is correcting 8/n
Characteristics of a leader:
AMAZON in 2002 vs AMAZON in 2022 9/n
THINK DIFFERENT !
1. look at the old leaders the old leaders are not most likely going to lead in the new cycle it's very difficult to do 2. they're not going to go out of business see a stock doesn't have to go out of business to make you go out of business
10/n
Some went down and moved sideways and some of them didn't come back to break even for 20 years
Guess Which Indian Stock ? vs $MFST 11/n
Fast rebound Stocks 1. stock come ripping back off the lows and this is where you should be looking to buy 2. These stocks move 20-50% in Small duration during small market recovery from the lows and reach their highs 12/n
I made A few Lakhs using this Famous Swing Trading Strategy
A thread
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It is characterized by a period of price volatility followed by a contraction phase, leading to a breakout in the stock's price. Here's a breakdown of the VCP pattern:
Breakout Rules :
Buy Stocks on Break , not after breakout
Use Alert Systems or place GTT orders near Breakout area
If you miss the breakout better to stay away from stock as RR goes out of favour
It took me 3 years to understand Volume Price Analysis
I'll explain in next 10 tweets
A thread🧵
RT for max Support
Support Resistance
✅They simply represent the 'extreme' psychological levels of fear and greed in that particular price region and time.
✅Strength of Buyers = Sellers
✅Lower volatility price congestions
7 less known Tradingview Indicators that all traders should know about
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1. @TraderLion_ Enhanced Volume Indicator
Lime Green Bars Suggests day when the stocks closes near the days high and volume greater than past 10 down volume days Suggesting Institutional Accumulation
Has Features Like :Highest/Lowest Volume in a year.
Modified version of Bollinger Bands
When price is written in blue, volatility overall is falling. When the outer bands start to fatten up in blue, a contraction signal is forming. Works with any length of your choosing